Zeev's Turnips Patch-No Politics (ZEEV)

[Newly2b]

mlsoft,

When in doubt, it is always wise to stand aside! I don't have that luxury, but my stops are getting tighter and tighter on my long positions these days, and I am taking my profits more quickly. Any day I expect the slide to begin, but the market just keeps powering higher against all odds. Each day's trading is a challenge. I am very uncomfortable with this market, but it is what it is and I have to trade it, whatever it is!

Having taken profits on most of my gold stocks a few weeks ago, this recent pullback appears to me to be a great opportunity to acquire more bullion coins for the backyard (GGG) and reload the miners. As long as the gold bull is intact I am more comfortable being long the miners than anything else.

IMO, the big picture points to a coming drop, but the market keeps rising anyway. Looks like the dumb money is in control now and overdue for a good scorching (yet again!), but I will cautiously continue to take profits where I can while waiting for the inevitable.

Enjoy your hiatus!

Newly